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cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it within his power since spring to amend the house bill and send it back with whatever changes he wanted. that's what the constitution says. sadly, they've given speeches instead of getting the job done. but nobody, nobody wants taxes to go up on middle class americans. and i hope that everybody works real hard over the weekend. a lot of americans have to work on the weekend. i don't think it's a big deal that we have to work this weekend. >> it's not a big deal and you should all be working this weekend. listen, a few weeks ago it looked like speaker boehner and president obama were pretty close on a grand bargain. maybe not as big as should would hope. it looked like the president was saying, we'll raise that top rate and offer some entitlement reform. social security changes, cpi. some talk of raising t
cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it within his power since spring to amend the house bill and send it back with whatever changes he wanted. that's what the constitution says. sadly, they've given speeches instead of getting the job done. but nobody, nobody wants taxes to go up on middle class...
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Dec 2, 2012
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republicans call the fiscal cliff plan a joke, an insult and break from reality. suffice it to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> while his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of the day a clear majority of americans, democrats, republicans, independents, they agreed with a balanced approach. deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house
republicans call the fiscal cliff plan a joke, an insult and break from reality. suffice it to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than...
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. >> how do republicans change that message, because we're in the middle of fiscal cliff negotiations, and all you hear are about preserving tax cuts for the wealthiest americans. that just feeds into this lack of connecting to the middle class that's been a problem. >> here's your answer and it's difficult and nuanced. traditionally republicans economic message that resonated with the middle class is our taxes will be lower on you. democrats have co-opted on that. they promise taxes on the middle class but do it simultaneously with giving high spending that. cannot last forever so republicans have to make people realize that is a utopia that doesn't exist. you can't have low taxes and high spending that democrats are currently promising. >> we've had $520 billion spent on jobless benefits over the past five years, and i bet they are probably pretty evenly divided between republicans and democrats and the big message on government spending has been distorted because we've had a crazy recession. i want to bring in anna because the president built that winning location of african-americ
. >> how do republicans change that message, because we're in the middle of fiscal cliff negotiations, and all you hear are about preserving tax cuts for the wealthiest americans. that just feeds into this lack of connecting to the middle class that's been a problem. >> here's your answer and it's difficult and nuanced. traditionally republicans economic message that resonated with the middle class is our taxes will be lower on you. democrats have co-opted on that. they promise...
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are sflirnks today republicans say the plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union." >>> republicans call -- sufficed to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, heats actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> wile his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of
are sflirnks today republicans say the plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union." >>> republicans call -- sufficed...
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looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn. he rejected an offer that included no raise in tax rates for the top 2% of americans, seemed to indicate a little wiggle room on his insistence the taxes go up for the wealthy from 35% to 39.6%. here's what he told bloomberg tv. >> do they have to go up to 39.6% now? >> let me sort of describe the process here for you, juliana. let's let those go up and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, look at what loopholes and deductions both democrats and republicans are willing to close and it's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >> thanks for having me. >> that was your old job. the former campaign manager. feels like the campaign is not over. the pre
looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn. he rejected an offer that included no raise in tax rates for the top 2% of americans, seemed to indicate a little wiggle room on his insistence the taxes go up for the wealthy from 35% to 39.6%. here's what he told bloomberg tv. >> do they have to go up to 39.6% now? >> let me sort of describe the process here for you, juliana....
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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or are we all going over the fiscal cliff? let's see if we can work out a deal right here in the situation room. but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 per month, plus competitive lessees can get $1,000 toward the down payment for an even better deal. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. pre-cognitive intelligence with googlenow complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we suppo
or are we all going over the fiscal cliff? let's see if we can work out a deal right here in the situation room. but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 per month, plus competitive lessees can get $1,000 toward the...
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the optics of republicans leaving today, wednesday, with two days left in the week with the fiscal cliff not too far away certainly may be questionable. what they insist is that their members are going to go back home and talk to their businesses and small business leaders to maybe play the outside in-game that the president has been playing by trying to rally support for his side of this issue. >> dana bash, reporting live from capitol hill. >>> also, right now, brefing congress about exactly what happened in benghazi. every single members of the house of representatives, all 400 plus of them were invited. so elise, this is a multimedia presentation. so is it a power point on benghazi? >> reporter: well, carol, the members are just starting to arrive right now. they will be meeting in this room right here, this auditorium. minority leader nancy pelosi just arrived. basically, it's going to be very similar to the briefing that some of the members of the intelligence committees, armed services committee, the leadership, those classified briefings already took place with a very specific le
the optics of republicans leaving today, wednesday, with two days left in the week with the fiscal cliff not too far away certainly may be questionable. what they insist is that their members are going to go back home and talk to their businesses and small business leaders to maybe play the outside in-game that the president has been playing by trying to rally support for his side of this issue. >> dana bash, reporting live from capitol hill. >>> also, right now, brefing congress...
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as we're hurdling toward this fiscal cliff, republicans are saying, no, we can't cut government spending. i.e., defense, because that will mean millions of job lost, imply that if you cut government spending, you lose jobs. the democrats are the ones saying we can't let taxes go up on the middle class at a time like this. which leads me to believe that movie you showed of the train, i think you should have put up the "titanic." we know w that one ends. it hits the iceberg and has that kind of crash. going into this election season, there's going to be no grand bargain now. hard to see one happen during a lame duck session. i think we will begin to see some of those sequestered cuts kick in. some of those tax increases which will ironically make the budget deficit look a little better. >> that's true. they may hurt. maybe, peter, that would make it worth it, we take those sequester cuts. you let the bush tax cuts expire. it's paiul, yes. but you do get more money. is it the right thing to do? >> i don't know that it's the right thing to do. we need to fix what's broken in the economy so i
as we're hurdling toward this fiscal cliff, republicans are saying, no, we can't cut government spending. i.e., defense, because that will mean millions of job lost, imply that if you cut government spending, you lose jobs. the democrats are the ones saying we can't let taxes go up on the middle class at a time like this. which leads me to believe that movie you showed of the train, i think you should have put up the "titanic." we know w that one ends. it hits the iceberg and has that...
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cliff in the way. republicans say if you raise taxes on the top 2% that will hurt small business and will kill jobs. talked to the ceo of fedex and he says, shall we say, there's mythology around that assumption. listen. >> the reality is the vast majority of jobs in the united states are produced by capital investment and equipment and software that's not done by small business. >> right. >> it's done by big business, and the so-called gazelles, the emerging companies like the new fracing oil and gas operations. >> we've talked about this so many times. >> yeah. >> it's demand that creates jobs. >> that's exactly right, and i'm glad fraud smith says that. gone from understanding that small business creates most of the new jobs generally in the united states, not all jobs. now that doesn't mean we shouldn't do all we can for small business because they are going to be on the margins where the new jobs come, from but we have got to have an environment that creates jobs for everyone and you've done the s
cliff in the way. republicans say if you raise taxes on the top 2% that will hurt small business and will kill jobs. talked to the ceo of fedex and he says, shall we say, there's mythology around that assumption. listen. >> the reality is the vast majority of jobs in the united states are produced by capital investment and equipment and software that's not done by small business. >> right. >> it's done by big business, and the so-called gazelles, the emerging companies like...
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with republicans and democrats now battling each other over the fiscal cliff, there may be one person who can unify washington. it's a shame he doesn't work on capitol hill, at least not yet. >>> earth as we've never seen it before. fascinating images from outer space, all in the same place. we'll have the photos for you in about ten minutes. pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. by december 22nd wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you
with republicans and democrats now battling each other over the fiscal cliff, there may be one person who can unify washington. it's a shame he doesn't work on capitol hill, at least not yet. >>> earth as we've never seen it before. fascinating images from outer space, all in the same place. we'll have the photos for you in about ten minutes. pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [...
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i love being a republican. i love the republican party, but i love america more. i want to fix the problems. i'll work with anybody who's serious about balancing our budget and getting our tax code fixed and our regulatory system fixed. i hope whoever's elected president tomorrow, i believe that will be mitt romney and we're excited about that, is serious about that as well. there are elections, but ultimately, i think we have to understand we've reached the point now where we have to start solving problems or we're all going to pay a terrible price. >> thank you so much for your time tonight. >> thank you. >> as we told you, mitt romney is speaking right now. just a few minutes away from where i am at the columbus airport. let's just listen to this for a few minutes. >> some of you have been successful in convincing your neighbors to vote for paul ryan and me and i thank you for that. and now let's make sure that everyone we know gets out to vote on tuesday. you know, what makes this rally and all your work so inspiring is that you're here because you care about
i love being a republican. i love the republican party, but i love america more. i want to fix the problems. i'll work with anybody who's serious about balancing our budget and getting our tax code fixed and our regulatory system fixed. i hope whoever's elected president tomorrow, i believe that will be mitt romney and we're excited about that, is serious about that as well. there are elections, but ultimately, i think we have to understand we've reached the point now where we have to start...
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, to begin negotiations over the fiscal cliff. >>> i'm paul steinhauser at the cnn political desk. wednesday and thursday, gop governors meet in las vegas for the republican governor's association annual get together. among those attending are possible contenders for the next republican presidential nomination. next weekend, senator marco rubio who may also have designs on the white house headlines a gop event in iowa. >>> i'm poppy harlow, wall street will have all eyes on congress this week as lawmakers return from recess. the big issue, the fiscal cliff. will congress act or won't it? that is what wall street wants to know. also coming up major earnings report. we will hear from dell, and target and home depoeshgs and two key announcements coming out, october retail sales and key inflation readings. that is all ahead and we will keep you posted on cnn money. >> i'm a.j. hammer, and with showbiz tonight, and politics and couture is back. it is a new season of "housewives of beverly hills." we are getting exclusives from brandy glanville about the series secrets. and we will find
, to begin negotiations over the fiscal cliff. >>> i'm paul steinhauser at the cnn political desk. wednesday and thursday, gop governors meet in las vegas for the republican governor's association annual get together. among those attending are possible contenders for the next republican presidential nomination. next weekend, senator marco rubio who may also have designs on the white house headlines a gop event in iowa. >>> i'm poppy harlow, wall street will have all eyes on...
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party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the far right. they did it on the far left. >>> plus, iran could become the biggest challenge the president faces in the next four years. what my sources are telling me about iran's reaction to obama's victory. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children un
party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the...
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we had been putting forward our solutions, whether it was on the economy, the fiscal cliff, how to get americans back to work. we'd been putting that forward and we got re-elected. >> america is not demanding a second liberal party. they've already got a liberal party, if that's what you believe. the republican party should be bold and confident, and its conservative values from economics to foreign policy to values. >> get our economic house in order and stay out of people's lives beyond. >> we need to stand for growth, for prosperity, for jobs, for entrepreneurship, for innovation, for dreaming for a better life, and therefore, we need to lead to welcome immigrants. just one more thing. english is the national language of the united states, but the official language of government is a silly, ridiculous thing in the 21st century. >> this is going to be a conversation for another time. fascinating. thank you, all of you. and candy, we certainly missed you here. that's for sure. >> you all make me sorry -- you make me sorry i'm not there. what a great conversation. carlos gutierrez, jon
we had been putting forward our solutions, whether it was on the economy, the fiscal cliff, how to get americans back to work. we'd been putting that forward and we got re-elected. >> america is not demanding a second liberal party. they've already got a liberal party, if that's what you believe. the republican party should be bold and confident, and its conservative values from economics to foreign policy to values. >> get our economic house in order and stay out of people's lives...
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. >> if we can get him apart and go after the fiscal cliff and deal with the republicans and go after his own staff, bring those cabinet members in, bang heads, how are we doing about jobs, putting every plan, regulation, is this a job creator or a job killer, and be on him and managing them. >> the republicans have got to be less intransigent too. >> yes. >> they have to be less driven i would argue, by the tea party, by the more right wing members of the party. they have to try to bring themselves a little bit more to the middle, haven't they? >> and the president has got to lasso harry reid who is day one has come out prepared to change the filibuster rules and all that. boehner so far has been okay. his day one was quite conciliatory. the president, if we could get his leadership, the way he has it in the campaign. he motivates the campaign workers, motivates the team. he gives great speeches. he's all over it, he's excited. >> i thought the moment when he went down to new jersey with chris christie was a significant one for what the next four years could be like. there you have c
. >> if we can get him apart and go after the fiscal cliff and deal with the republicans and go after his own staff, bring those cabinet members in, bang heads, how are we doing about jobs, putting every plan, regulation, is this a job creator or a job killer, and be on him and managing them. >> the republicans have got to be less intransigent too. >> yes. >> they have to be less driven i would argue, by the tea party, by the more right wing members of the party. they...
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the fiscal cliff. somehow. really his most important job in the next four years is the same job he had the first four years, fix the economy. and the first step toward that is somehow making sure that these tax increases at some level and these spending cuts do not go into effect december 31st. simple. >> he's got a mission. you know these exit polls showed something very interesting, gloria. 47%, an unusual number, but 47% of the people in the exit polls say they would support tax increases for those making more than $250,000 a year. that's what the president wants to do. he wants to raise taxes. we just heard a little while ago from the house speaker, john boehner, saying he's open to increase tax revenues if it comes from tax reform. >> right. >> not necessarily hikes in the tax rate. >> right. i mean, the speaker made it's clear it's got to be part of a broader package of tax reform. which is i think what everybody kind of understands and knows. i think the challenge for the president right now and
the fiscal cliff. somehow. really his most important job in the next four years is the same job he had the first four years, fix the economy. and the first step toward that is somehow making sure that these tax increases at some level and these spending cuts do not go into effect december 31st. simple. >> he's got a mission. you know these exit polls showed something very interesting, gloria. 47%, an unusual number, but 47% of the people in the exit polls say they would support tax...
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party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the far right. they did it on the far left. >>> plus, iran could become the biggest challenge the president faces in the next four years. what my sources are telling me about iran's reaction to obama's victory. full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now when you come in, you can trade up to get a total value of $8,000 on a 2012 chevy silverado all-star edition. from outstanding value to standing the test of time, chevy runs deep. we'rwith questions fromtump sombing elections
party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the...
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some republicans now seem open to the idea of raising taxes in the face of the fiscal cliff. >>> courageous until the end. a former mayor in mexico who fearlessly stood up to the drug cartels found murdered. >>> and face-to-face behind closed doors today, u.n. ambassador susan rice takes on one of her sharpest critics, senator john mccain, over her actions after the benghazi attack. good morning and welcome to "early start," i'm deborah feyerick in for john berman. >> really nice to have you. >> i'm so glad to be here. >> i'm zoraida sambolin. it's 5:00 a.m. in the east. first, congress back to work, and back to bickering. in just under 35 days, america hits the fiscal cliff. that triggers severe spending cuts and tax hikes. several top republicans are now defying party politics and signaling a willingness to consider increasing tax revenues to get a budget deal done. but when the lame duck senate got back in session yesterday it sure sounded like the same old broken record. >> the senate has spoken. president obama has spoken. he's promising he will not sign any bill that mortgages our fut
some republicans now seem open to the idea of raising taxes in the face of the fiscal cliff. >>> courageous until the end. a former mayor in mexico who fearlessly stood up to the drug cartels found murdered. >>> and face-to-face behind closed doors today, u.n. ambassador susan rice takes on one of her sharpest critics, senator john mccain, over her actions after the benghazi attack. good morning and welcome to "early start," i'm deborah feyerick in for john berman....
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party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the far right. they did it on the far left. >>> plus, iran could become the biggest challenge the president faces in the next four years. what my sources are telling me about iran's reaction to obama's victory. n bean casserole. you'll find the recipe at campbellskitchen.com. ♪ campbell's. it's amazing what soup can do. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet
party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the...
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the fiscal cliff. dissension within the ranks. it seems not all republican lawmakers and conservative groups are in lockstep with john boehner. earlier i spoke with one gop house member who hasn't been on the same wave length as the speaker recently. he's in senior leadership. here's what deputy whip congressman tom cole told me about those who in the party say taxes shouldn't be on the table. >> for those who say we're putting revenue on the table, the american people did that when they elected, you know, the president and a democratic senate again. again, they have to agree to a deal or tax rates on everybody go up. i think we shouldn't -- we should do everything we can to avoid that for as many people as we possibly can. >> "outfront" tonight, grover norquist, whose anti tax pledge signed by most sitting republican lawmakers on capitol hill has been a major point of contention in this debate. grover, let me start by asking you something congressman tom cole said. he said it's the american people who spoke. this was central to t
the fiscal cliff. dissension within the ranks. it seems not all republican lawmakers and conservative groups are in lockstep with john boehner. earlier i spoke with one gop house member who hasn't been on the same wave length as the speaker recently. he's in senior leadership. here's what deputy whip congressman tom cole told me about those who in the party say taxes shouldn't be on the table. >> for those who say we're putting revenue on the table, the american people did that when they...
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cliff and republicans don't think the media would accept that narrative. i don't know. you would know better than i would about how the media would react to that. that was a feeling on the republicans part they couldn't successfully pin obama with going over the cliff. >> i never speak for the media. i speak only for myself. i don't know. it is going to really depend, don't you think? matt, you have a column back in december that said john boehner cat herder and i was thinking the cats got the better of the speaker. what do you think that means for his future? does he remain as speaker? does someone else come in and take over because it is an indication he can't control his own group? >> well, it certainly wasn't a vote of confidence. i think, john boehner was right. he gave that press conference today and said, you know, people like me, it is true, i talked to congressman and they like boehner and the problem is they don't respect him enough to listen to him and they don't fear him and it is sad if you think about it. there is a structural problem that i
cliff and republicans don't think the media would accept that narrative. i don't know. you would know better than i would about how the media would react to that. that was a feeling on the republicans part they couldn't successfully pin obama with going over the cliff. >> i never speak for the media. i speak only for myself. i don't know. it is going to really depend, don't you think? matt, you have a column back in december that said john boehner cat herder and i was thinking the cats...
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cliff, and republicans don't think the media would accept that narrative. you know better than i would how the media would react but that was the feeling on the republicans' part, they couldn't successfully pin obama with going over the cliff. >> i never speak for the media, i speak only for myself, and i don't know. it's going to depend. you have a column in december that said, john boehner, cat herder. i was thinking the cats got the better of the speaker. what do you think that means for his future? does he remain as speaker? does someone else come in and take over because it's an indication he can't control his own group? >> well, it certainly wasn't a vote of confidence. i think, look, john boehner was right, he gave that press conference today, he said, you know, people like me, something to that effect. it's true. . i talk to congressmen, they like boehner, the problem is they don't respect him enough to listen to him, they don't fear him. and it's kind of sad, if you think about it. there's a structural problem that i think is sort of implicit here.
cliff, and republicans don't think the media would accept that narrative. you know better than i would how the media would react but that was the feeling on the republicans' part, they couldn't successfully pin obama with going over the cliff. >> i never speak for the media, i speak only for myself, and i don't know. it's going to depend. you have a column in december that said, john boehner, cat herder. i was thinking the cats got the better of the speaker. what do you think that means...
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how do you move forward in a way that is dealing with things like the fiscal cliff? >> i think the president made very clear last night in his speech that he was looking forward to working with republicans. but it's also important to realize that there was a decisive election. and one of the big issues in this election was whether or not we should take the balanced approach to reducing the deficit. the president's talked about it. combination of cuts. but also revenue. and it's very clear from the exit polling that a majority of americans recognize that we need to share responsibility in reducing the deficit. that means asking higher income earners to contribute more to reducing the deficit. so, that was one of the clear messages that was one of the central themes in this campaign. the president won. and i think it's important that republicans on the hill recognize that the american people have said, balanced approach is necessary, we get our deficit under control. >> john boehner has said 3:30 this afternoon he's going to be holding a press conference to talk about
how do you move forward in a way that is dealing with things like the fiscal cliff? >> i think the president made very clear last night in his speech that he was looking forward to working with republicans. but it's also important to realize that there was a decisive election. and one of the big issues in this election was whether or not we should take the balanced approach to reducing the deficit. the president's talked about it. combination of cuts. but also revenue. and it's very clear...
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over the looming fiscal cliff. our white house correspondent dan lothian caught up with the family just after the president left. dan is joining us now with the latest. how did it go, dan? >> reporter: well, wolf, the white house believes it went well. we've seen the president use this strategy before when he's locked in battle with republicans. he takes his message on the road. white house spokesman jay carney saying there are no announcements about face-to-face meetings or phone calls. for now this is how we see the president negotiating. it's a negotiating tactic that president obama always keeps in his tool kit, head to a backyard or living room, sit down with families who say his approach offers economic relief and send a loud message to congress with a personal touch. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: this time the scene played out in falls church,
over the looming fiscal cliff. our white house correspondent dan lothian caught up with the family just after the president left. dan is joining us now with the latest. how did it go, dan? >> reporter: well, wolf, the white house believes it went well. we've seen the president use this strategy before when he's locked in battle with republicans. he takes his message on the road. white house spokesman jay carney saying there are no announcements about face-to-face meetings or phone calls....
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we're going to talk about the fiscal cliff and how one leading republican may be ready actually to break ranks with his party to get a deal done. so we'll see them just a little bit later. >>> small businesses struggling to recover after superstorm sandy. we'll introduce you to one business owner who is trying her best to stay afloat. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> good morn
we're going to talk about the fiscal cliff and how one leading republican may be ready actually to break ranks with his party to get a deal done. so we'll see them just a little bit later. >>> small businesses struggling to recover after superstorm sandy. we'll introduce you to one business owner who is trying her best to stay afloat. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this...
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and with 35 days left before we head over the fiscal cliff, a couple of key republican senators are signaling they're willing to break their no tax pledge in order to get a deal done. that may be an encouraging sign, because a new cnn/orc poll shows that 68% of americans believe a visit to the other side of that cliff could trigger major problems, even a crisis. cnn political editor paul steinhauser joins us live from washington this morning. paul, of course, the fiscal cliff triggers massive tax hikes and spending cuts if an agreement cannot be reached. you've got some more numbers that show the type of budget plans that americans really prefer. >> i guess they want a balanced approach. take a look at this, we asked just in this brand-new poll of americans nationwide, 68% say you can see it's a major crisis if we jump off the fiscal cliff. only about three in ten say no it will only be a minor problem or crisis. what do they want in a plan? it's interesting, about two-thirds say it should be a mixture of spending cuts and tax increases. only about 3 in 10 say the deal should be just spending
and with 35 days left before we head over the fiscal cliff, a couple of key republican senators are signaling they're willing to break their no tax pledge in order to get a deal done. that may be an encouraging sign, because a new cnn/orc poll shows that 68% of americans believe a visit to the other side of that cliff could trigger major problems, even a crisis. cnn political editor paul steinhauser joins us live from washington this morning. paul, of course, the fiscal cliff triggers massive...
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Nov 9, 2012
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president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's ahead. ger. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not believe it's a hundred calories. new yoplait greek 100. it is so good. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to
president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's...
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so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social security from imminent bankruptcy. the president's plan when it comes to entitlement form is quite frankly a joke. >> so over the weekend the sunday shows, you sa
so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator...
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Dec 31, 2012
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republicans to date, once the nation goes over the fiscal cliff, it's the democrats who could revolve. as soon as taxes go up tomorrow and republicans will be racing, democrats assume, will be racing to find a way to bring taxes down, and many democrats are of the opinion that that will give democrats enormous leverage come tomorrow. they'll have more negotiating power come tomorrow. you might see democrats tomorrow be even less willing to sign on to this deal. in 24 hours, democrats might like today's deal even less, wolf. >> it's getting more and more complicated as the delay continues over at the white house. are they at least suggesting that if we go over the cliff tomorrow, that there's still a possibility that both -- let's say the senate doesn't act tonight, that they act sometime tomorrow. they say they can still resolve this, so for practical purposes, the worst parts of this fiscal cliff won't be really felt by the american public? >> absolutely. the problems are not technical. in terms of putting off the taxation and what has to be done mechanically with the irs, so that am
republicans to date, once the nation goes over the fiscal cliff, it's the democrats who could revolve. as soon as taxes go up tomorrow and republicans will be racing, democrats assume, will be racing to find a way to bring taxes down, and many democrats are of the opinion that that will give democrats enormous leverage come tomorrow. they'll have more negotiating power come tomorrow. you might see democrats tomorrow be even less willing to sign on to this deal. in 24 hours, democrats might like...
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you can't get a deal on the fiscal cliff, the president can't get bha he wants from the republicans unless he agrees to deep cuts in medicare. so he's going to have to be the negotiator in chief in the early term. it's going to be hard. >> the social secretary is going to be more active bringing some of those democrats and republicans over to the white house for a meal or cup of coffee. >> domestic diplomacy. >> very important stuff. john, thanks very much. president obama already faces a serious new foreign policy challenge. there's word today from the pentagon that in the closing days of the election campaign iranian jets fired on a u.s. drone. let's get the details from our pentagon correspondent barbara starr. what are you learning, barbara? >> wolf, it was last thursday just one week ago we now know two iranian russian made jets very workable flew out into the persian gulf into international air space according to the pentagon and fired at a predator drone, a u.s. air force predator drone that the pentagon says was on a routine surveillance mission. although that mission was classifie
you can't get a deal on the fiscal cliff, the president can't get bha he wants from the republicans unless he agrees to deep cuts in medicare. so he's going to have to be the negotiator in chief in the early term. it's going to be hard. >> the social secretary is going to be more active bringing some of those democrats and republicans over to the white house for a meal or cup of coffee. >> domestic diplomacy. >> very important stuff. john, thanks very much. president obama...
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democrats would point the finger at republicans for going over the fiscal cliff. >> that's been going on for a while as you well know, brianna, and as the president cuts his vacation short, we know what that means, are you cutting your working vacation short. >> i'll be back soon to see you. >> listening to those beautiful waves behind brianna. >> thank you. >> from brianna to rihanna, ahead on "starting point." rihanna and chris brown. what looks like more proof these two are back together again. >> a story trdrew has been watching very, very closely. >> you're watching "starting point" back after this. learnin, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-p
democrats would point the finger at republicans for going over the fiscal cliff. >> that's been going on for a while as you well know, brianna, and as the president cuts his vacation short, we know what that means, are you cutting your working vacation short. >> i'll be back soon to see you. >> listening to those beautiful waves behind brianna. >> thank you. >> from brianna to rihanna, ahead on "starting point." rihanna and chris brown. what looks like...
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one of the biggest sticking points between democrats and republicans over averting the fiscal cliff is raising taxes on those making over $250,000 a year. look at this from quinnipiac university, the question was asked are you okay with that? 65% say they support such a move to avert the fiscal cliff. this is the third poll over the last two weeks to show the same thing, that most americans are okay with raising those taxes on incomes over $250,000 a year. go to the next screen, there's a partisan divide here. this explains why most republicans are dead set against this. democrats are fine with that move. independents as well. but only a minority of republicans are okay with raising taxes on those making over $250,000 a year. what don't republicans like? they are fine with cutting spending, but they don't want entitlements touched. are you okay with raising the eligibility for medicare going up from 65 to 67? 51% opposed that. >> big news yesterday coming out yesterday from senator deminut. >> this will give me the opportunity to help take our case to the american people and to transla
one of the biggest sticking points between democrats and republicans over averting the fiscal cliff is raising taxes on those making over $250,000 a year. look at this from quinnipiac university, the question was asked are you okay with that? 65% say they support such a move to avert the fiscal cliff. this is the third poll over the last two weeks to show the same thing, that most americans are okay with raising those taxes on incomes over $250,000 a year. go to the next screen, there's a...
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and the first order of business on day one is averting the fiscal cliff. what are you suggesting the president do? >> so it's critical to do no harm. so the president has to reach out to congress and hopefully after some soul searching among the republican party of how do they lose the election, you'll get a lot more compromise and the president has to lead a compromise that in the first instance results in a mini bargain. then once it that headwind is out of the way, we can pivot to the more constructive elements long term which is long term fiscal reform, improving the functioning of the labor market, improving the flow of credit to small and medium term enterprises, and improving housing and housing if i nance. so in the short term, we move the headwind from the fiscal cliff.nance. so in the short term, we move the headwind from the fiscal cliff. beyond a that, put in conditions for high growth and it can be done if there's political collaboration. >> you've written this in fortune magazine. we've published it on cnnmoney.com. it's required reading for
and the first order of business on day one is averting the fiscal cliff. what are you suggesting the president do? >> so it's critical to do no harm. so the president has to reach out to congress and hopefully after some soul searching among the republican party of how do they lose the election, you'll get a lot more compromise and the president has to lead a compromise that in the first instance results in a mini bargain. then once it that headwind is out of the way, we can pivot to the...
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where and when we could see trouble. >>> they left down without a deal on the fiscal cliff. when republicans and democrats get back to d.c. tomorrow, will they be able to compromise? we'll talk to nan hayworth, coming up. list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could
where and when we could see trouble. >>> they left down without a deal on the fiscal cliff. when republicans and democrats get back to d.c. tomorrow, will they be able to compromise? we'll talk to nan hayworth, coming up. list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be...
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Nov 28, 2012
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apply online or at a bank of america near you. >>> republicans have been adamant in the fiscal cliff talks, saying the democrats have put entitlement, social security, medicare, medicaid, on the table, if they want the gop to budge on more tax revenues. but now, one high-ranking democrat says entitlements should be off limits until the whole fiscal cliff mess is behind us. senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for
apply online or at a bank of america near you. >>> republicans have been adamant in the fiscal cliff talks, saying the democrats have put entitlement, social security, medicare, medicaid, on the table, if they want the gop to budge on more tax revenues. but now, one high-ranking democrat says entitlements should be off limits until the whole fiscal cliff mess is behind us. senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks,...
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if this fiscal cliff is to be averted, it has to get through both the senate and house with some republican support. so you're hearing pessimism now on both sides. take a listen to a democratic and a republican senator and how they see the prospects of maybe going over the fiscal cliff. >> i feel that it's more likely that we will go over the cliff than not. if we allow that to happen, it will be the most colossal consequence consequenceal act of congressional irresponsibility in a long time, maybe ever in american history. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all the additional tax revenue for new programs and cuts the military, which democrats have been calling for for years. gets to blame republicans for it. >> reporter: so all of this blame, suzanne, that's obviously partly public posturing. when you hear this pessimism about maybe going over the fiscal cliff, you hear that be publicly and we hear that privately from sources. again the bail ll
if this fiscal cliff is to be averted, it has to get through both the senate and house with some republican support. so you're hearing pessimism now on both sides. take a listen to a democratic and a republican senator and how they see the prospects of maybe going over the fiscal cliff. >> i feel that it's more likely that we will go over the cliff than not. if we allow that to happen, it will be the most colossal consequence consequenceal act of congressional irresponsibility in a long...
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why republicans say the president wants to go over the fiscal cliff. >>> and imagine someone breaking into your home and ransacking your christmas tree, stealing your electronics. meet the family who encountered a real life grinch and caught the thief on camera. it's an unbelievable story, and the family will join us live in this hour. good morning, everybody. on a christmas eve, welcome to "starting point." i'm alina cho in new york. da dana, good morning. >> good morning. alina. i'm dana bash in washington. it's christmas eve. "starting point" begins right now. >>> and our starting point, an american contractor in kabul shot and killed earlier this morning by a woman wearing an afghan police uniform. it happened inside kabul's police headquarters, and it's the latest in a string of suspected green on blue attacks. pentagon correspondent barbara starr is working her sources, and she joins us from washington. barbara, we have seen a lot of these attacks. correct me if i'm wrong, this is the first time it's happened with a woman. >> reporter: i think that is absolutely correct, dana. u
why republicans say the president wants to go over the fiscal cliff. >>> and imagine someone breaking into your home and ransacking your christmas tree, stealing your electronics. meet the family who encountered a real life grinch and caught the thief on camera. it's an unbelievable story, and the family will join us live in this hour. good morning, everybody. on a christmas eve, welcome to "starting point." i'm alina cho in new york. da dana, good morning. >> good...
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now with just 11 days to go until the nation hits the fiscal cliff, the question is, what now? where, how, and with whom is a deal ever going to be made? i'm joined now by congressman michael burgess. good morning, sir. >> good morning. how are you all? >> were you in that room last night? the question so many have right now is what on earth happened? >> yes, i was in the room. i don't know the answer to the longer question that was your follow up. it was unlike anything i have seen in my brief ten years here at the nation's capitol. i will tell you it was not what i expected. i've been in these situations before where there's a tight vote, a last-minute conference is called. generally, it is to whip people into shape sort of. but this was not that. i do wonder, you know, this whole thing being developed off in a room somewhere where no one was involved from the congress. that's what's tricky about this. then you come back within two days, three days' time. you've got to sell it to people. you know, it's something that you show the deal to me and it's, no, that's not something
now with just 11 days to go until the nation hits the fiscal cliff, the question is, what now? where, how, and with whom is a deal ever going to be made? i'm joined now by congressman michael burgess. good morning, sir. >> good morning. how are you all? >> were you in that room last night? the question so many have right now is what on earth happened? >> yes, i was in the room. i don't know the answer to the longer question that was your follow up. it was unlike anything i...
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both the president and the republicans talking about the fiscal cliff in their weekly addresses. the president said yesterday he was modestly optimistic about a deal, but here he seems to hint at his own plan b if the senate can't reach a deal. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the groundwork for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> for the republican side, senator roy blunt of missouri who struck a more partisan tone is shifting blame to democrats. >> the republican-controlled house has taken the step in the right direction. the house has passed bills to protect all americans from burdensome tax increases. in addition, they passed legislation to replace damaging across the board spending cuts with responsible tar
both the president and the republicans talking about the fiscal cliff in their weekly addresses. the president said yesterday he was modestly optimistic about a deal, but here he seems to hint at his own plan b if the senate can't reach a deal. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays...
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there is a potential breakthrough in stalled fiscal cliff talks. house speaker john boehner is offering something he and other republicans oppose. raising tax rates on the wealthiest americans. that's a condition president obama has insisted must be part of any deal to avert the fiscal cliff, which is a little more than two weeks away. the president wants tax hikes of incomes above $250,000. the increase starts at incomes of $1 million in exchange for the president agreeing to more significant spending cuts. >>> and secretary of state hillary clinton is recovering from a concussion. she sustained the injury after fainting during a bout with the stomach flu. clinton is being monitored by doctors who recommend that she take the week off. as a result, she will not testify at this week's much-anticipated congressional hearing on september's deadly attack on the u.s. consulate in benghazi. >>> on the note of talking about the state department, president obama does appear set to nominate senator john kerry as hillary clinton's successor. joining me now f
there is a potential breakthrough in stalled fiscal cliff talks. house speaker john boehner is offering something he and other republicans oppose. raising tax rates on the wealthiest americans. that's a condition president obama has insisted must be part of any deal to avert the fiscal cliff, which is a little more than two weeks away. the president wants tax hikes of incomes above $250,000. the increase starts at incomes of $1 million in exchange for the president agreeing to more significant...
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he says it's worse to give the republicans what they want, than to go off the fiscal cliff, quite frankly. and that's something you're hearing more from the left. they're saying it's more like a fiscal slope. it's not a fiscal cliff. you know, i'm telling you right now, if you go over this fiscal cliff the beginning of this year, companies aren't going to hire anybody. companies aren't going to invest. companies are going to sit back and wait and that means jobs -- >> how do you recover from that? >> exactly. >> we'll be talking about this for the next 53 days. christine romans, thanks very much. 27 minutes after the hour. they did it after katrina. and fema might do it again to help the victims of sandy. it's coming in the home of mobile homes. we'll tell you all about it. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper av
he says it's worse to give the republicans what they want, than to go off the fiscal cliff, quite frankly. and that's something you're hearing more from the left. they're saying it's more like a fiscal slope. it's not a fiscal cliff. you know, i'm telling you right now, if you go over this fiscal cliff the beginning of this year, companies aren't going to hire anybody. companies aren't going to invest. companies are going to sit back and wait and that means jobs -- >> how do you recover...